Latest news with #GAIL(India)Limited
Time of India
3 days ago
- Business
- Time of India
GAIL receives first vessel post-breakwater at Dabhol, aims to handle 100 LNG cargoes annually
New Delhi: GAIL (India) Limited has commissioned the breakwater at the Dabhol LNG Terminal , enabling uninterrupted, year-round operations and marking a significant milestone with the berthing and unloading of its first LNG vessel, GAIL Bhuwan, on June 2, 2025. The Dabhol LNG Terminal, located on the Maharashtra coastline, has a current regasification capacity of 5.0 million metric tonnes per annum (MMTPA). The facility, following the commissioning of the breakwater and receipt of statutory approvals, has now been designated as an all-weather port. This allows for safe and reliable LNG operations even during the southwest monsoon period, which has historically been a challenging time for marine logistics along India's west coast. The LNG vessel was received by GAIL Chairman and Managing Director Sandeep Kumar Gupta and Director (Marketing) Sanjay Kumar. The development is expected to improve capacity utilization and strengthen LNG vessel accessibility at the terminal. The terminal plays a key role in India's gas supply infrastructure, being connected to the Dabhol-Bangalore and Dabhol-Panvel cross-country pipelines. The breakwater structure at Dabhol is an island-type construction, distinct from land-connected designs, and is regarded as an advanced marine engineering undertaking. The project required extensive coordination among multiple stakeholders and adoption of customized technical solutions to overcome complex challenges. Following the completion of the breakwater, GAIL plans to expand the Dabhol terminal's capacity from 5.0 MMTPA to 6.3 MMTPA in the first phase over the next three years. Once operational, the expanded terminal is expected to handle up to 100 LNG cargoes per year. GAIL stated that the successful commissioning and the planned capacity expansion align with its goal to enhance energy infrastructure and ensure greater reliability in India's natural gas supply chain.
Business Upturn
3 days ago
- Business
- Business Upturn
GAIL successfully discharges first LNG vessel at Dabhol during monsoon after breakwater project completion
By Aditya Bhagchandani Published on June 6, 2025, 12:18 IST GAIL (India) Limited has successfully berthed and discharged its first LNG vessel, GAIL Bhuwan , at the Dabhol LNG Terminal during the monsoon season, marking a major operational milestone. This achievement follows the completion and commissioning of the terminal's landmark breakwater project, which now enables year-round operations, including during the challenging Southwest monsoon period. The LNG vessel was received on June 2, 2025, by GAIL's Chairman & Managing Director Shri Sandeep Kumar Gupta and Director (Marketing) Shri Sanjay Kumar. With statutory approvals in place, the terminal has officially been designated an all-weather port—boosting LNG logistics reliability along India's West Coast. Strategically located on the Maharashtra coastline, the Dabhol LNG Terminal has a regasification capacity of 5.0 MMTPA. It plays a critical role in India's energy network via the Dabhol-Bangalore and Dabhol-Panvel pipeline systems. The island-type breakwater structure represents a significant marine engineering feat and is expected to improve both vessel accessibility and terminal capacity utilization. Looking ahead, GAIL plans to expand the terminal's capacity to 6.3 MMTPA in the next three years. Post-expansion, the terminal could handle up to 100 LNG cargoes annually, further strengthening India's energy security. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
India.com
29-05-2025
- Business
- India.com
Multibagger Stock: THIS Logistics company NECC releases quarterly results, check details here
सेफ इंवेस्टमेंट का भी करें इंतजाम Logistics company North Eastern Carrying Corporation Limited (NECC) has announced its financial results for the fourth quarter of the financial year 2024-25 (FY25). According to the information shared, the company has reported a net profit of Rs 1.76 crore. This is around 38.4 per cent lower than 2.86 crore reported in the same quarter a year ago. Similarly, the revenue from operations of the company in the fourth quarter stood at Rs 88.09 crore. This is a fall of around 4 per cent on a year-on-year (YoY) basis from Rs 91.8 crore in the same quarter a year ago. The counter has made investors richer by 440 per cent in 5 years. However, it has dipped over 2 per cent in three years and has given a positive return of 23 per cent in two years. Last year, the company had secured an order worth Rs 52.48 crore from state-owned GAIL (India) Limited for the transportation of polymer. The company informed exchanges that the order would be executed over a period of three years. Under the Ministry of Petroleum and Natural Gas, GAIL (India) Limited is India's leading natural gas company. The company has bagged the order through a bidding process to transport polymer. Meanwhile, equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday after two days of decline. The jump mirrors a rally in Asian markets after a US federal court blocked President Donald Trump's 'Liberation Day' tariffs on imports under an emergency-powers law. Also, foreign fund inflows drove equity markets higher. The 30-share BSE benchmark gauge Sensex jumped 504.57 points to 81,816.89 in early trade. The NSE Nifty climbed 137.25 points to 24,889.70. From the Sensex firms, Infosys, Tata Steel, Tech Mahindra, HCL Tech, Tata Consultancy Services, Sun Pharma, Tata Motors and HDFC Bank were among the biggest gainers. With PTI Inputs
India Gazette
13-05-2025
- Business
- India Gazette
GAIL reports record profits in FY25, recommends Rs 1 final dividend
New Delhi [India], May 13 (ANI): GAIL (India) Limited has reported its highest-ever financial performance for the financial year 2024-25 (FY25), driven by strong operational and financial growth across its major business segments. Despite global economic challenges, the company achieved record-breaking figures in EBITDA, profit before tax (PBT), and profit after tax (PAT). Sandeep Kumar Gupta, Chairman and Managing Director of GAIL (India) Limited, said that the company's robust performance during FY25 was primarily driven by better physical and financial performance across all major segments. For FY25, the company's revenue from operations rose to Rs 1,37,288 crore from Rs 1,30,638 crore in the previous year. The company's EBITDA stood at Rs 19,168 crore, up from Rs 15,583 crore, while PBT increased to Rs 14,825 crore from Rs 11,555 crore. PAT climbed to Rs 11,312 crore, compared to Rs 8,836 crore in FY24. GAIL's board has recommended a final dividend of Rs 1 per equity share, in addition to the interim dividend of Rs 6.50 per share already paid. This takes the total dividend payout ratio to 43.59 per cent for the year. On a consolidated basis, the company reported revenue from operations of Rs 1,42,291 crore, EBITDA of Rs 20,643 crore, PBT of Rs 16,096 crore, and PAT (excluding minority interest) of Rs 12,450 crore. However, the fourth quarter (Q4) showed a sequential decline in profitability, with EBITDA falling to Rs 3,783 crore from Rs 6,027 crore in Q3, and PAT dropping to Rs 2,049 crore from Rs 3,867 crore, even as revenue rose slightly to Rs 35,707 crore. Operationally, GAIL recorded a 6 per cent year-on-year increase in natural gas transmission volumes, reaching 127.32 million metric standard cubic metres per day (MMSCMD). Gas marketing volumes also grew to 101.49 MMSCMD, while polymer production rose 6 per cent to 827 thousand metric tonnes (TMT). However, liquid hydrocarbon (LHC) production declined to 947 TMT from 996 TMT. In Q4, natural gas transmission volumes declined slightly to 120.83 MMSCMD, while polymer sales rose 4 per cent to 229 TMT. In a strategic move to streamline its City Gas Distribution (CGD) operations, the board has recommended transferring six geographical areas (Varanasi, Patna, Ranchi, Jamshedpur, Bhubaneshwar, and Cuttack) from GAIL to its wholly owned subsidiary, GAIL Gas Limited (GGL). The PSU currently operates 16 geographical areas and is focused on expanding GAIL's presence in the retail gas market. The company also reported a capital expenditure of Rs 10,512 crore for FY25, reflecting its ongoing investments in infrastructure development and long-term growth. (ANI)
Hans India
11-05-2025
- Health
- Hans India
‘Chinnari Arogyam' launched for Child Health in East Godavari
Rajamahendravaram: Minister for Tourism, Culture and Cinematography Kandula Durgesh participated as the chief guest at the inaugural ceremony of the 'Chinnari Arogyam' programme held at the Sri Venkateswara Anam Kala Kendram in Rajahmundry on Saturday. The programme is being funded through the Corporate Social Responsibility (CSR) funds of GAIL (India) Limited. Minister Durgesh unveiled the 'Chinnari Arogyam' poster at the event. Speaking on the occasion, the minister lauded the launch of the 'Chinnari Arogyam' programme as a commendable initiative aimed at ensuring the complete health of children who are not developing properly due to financial difficulties, lack of awareness among parents regarding nutrition, and malnutrition. He stated that this programme, the first of its kind in the state, should serve as a model for the entire state. He emphasised the need for officials to undertake programmes that raise public awareness about healthcare. He informed that efforts are underway to ensure the complete health of approximately 74,238 children aged between 6 months and 6 years in the East Godavari district. He further said that 1,438 children are suffering from various health issues and that the 'Chinnari Arogyam' programme has been initiated to create awareness among parents about their children's health and nutritional needs. The minister appreciated the program's objective of providing a special nutritious food kit to the children every month. District collector P Prasanthi stated that the 'Chinnari Arogyam' programme is an evolved version of the previously successful 'Bangaru Konda' programme implemented in the district, with the aim of implementing it more effectively. During the ceremony, the outgoing District Women and Child Welfare Officer, K Vijaya Kumari, who is retiring at the end of this month was felicitated. Additionally, a traditional Seemantham (baby shower) ceremony was conducted for pregnant women, and a graduation ceremony was held for young children. Joint collector S Chinna Ramudu highlighted that young children are falling prey to various health problems due to hereditary diseases and malnutrition. He urged the public to utilise the nutritious food provided at government Anganwadi centres and avail the health services offered at government hospitals. GAIL representatives Deputy General Manager (HR) Deevi Prabhakar, DGM K Rajan, Amravati Solutions' Anil Kumar, DMHO K Venkateswara Rao, Deputy DMHO N Vasundhara,RMC, and ICDS staff were present.
